IT HAPPENED! GM CEO Mary Barra Just Denounced Nancy Pelosi's Weird EV Tax Laws, Warning Tesla!

#TeslaFans #teslanews #teslamotorfans #gigaberlin
Please Subcribe my channel: http://bit.ly/3clkTm6
=====
IT HAPPENED! GM CEO Mary Barra Just Denounced Nancy Pelosi's Weird EV Tax Laws, Warning Tesla!
Joe Biden: https://www.youtube.com/c/JoeBiden
Nancy Pelosi: https://www.youtube.com/SpeakerPelosi
World Economic Forum : https://www.youtube.com/worldeconomicforum
Nightly Business Report: https://www.youtube.com/c/NightlyBusinessReport
----
IT HAPPENED! GM CEO Mary Barra Just Denounced Nancy Pelosi's EVs Weird Laws, Warning Tesla!
"These automakers do stand to lose a lot a really healthy chunk of sales particularly for GM, Tesla might be a little bit more insulated with a less elastic base of buyers but still they can count on a significant drop in sales because of this." (01:27 -01:44)
Limiting the electric vehicle tax credit is a dilemma for automakers, and GM CEO Mary Barra has suggested House Speaker Nancy Pelosi lift the cap to create a level playing field but it doesn't seem to be possible.
So how is the current tax credit removal issue going?
But first welcome to Tesla Fans where the latest news about Tesla, Elon Musk and the most advanced technologies are updated. If you are new, we will appreciate it if you like, share as a gift for us and don't forget to click the bell icon to be the first to see the latest videos. And without making you wait any longer, let's start the video!
The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North America are urging Congress to lift the federal government’s cap on the number of vehicles that are eligible for a tax credit of up to $7,500, a move they say will encourage consumer adoption of the cars and trucks.
In a joint letter Monday to congressional leaders, the executives say the credit, which begins phasing out once a company sells 200,000 plug-in electric vehicles, is essential to keep the vehicles affordable as production and commodity costs rise.
“Eliminating the cap will incentivize consumer adoption of future electrified options,” the letter states.
GM and Tesla, the industry leader in electric vehicles, are the only companies that have exceeded the limit so far. But other automakers are also expected to near the 200,000 mark as they release an array of new electric products.
The thing is, getting a $7,500 tax credit isn’t always the same thing as buying a car for $7,500 less than its sticker price. The tax credit came to life with the 2008 Energy Improvement and Extension Act, as a tool to narrow the price gap between expensive electrics and cheaper gas-powered cars. Claiming a credit depends on having a tax bill in the first place. To owe at least $7,500 in federal tax (and therefore get the full amount back), you must make more than $52,000 a year. If you have other deductions to offset against your taxes, like a mortgage, student loan payments, or childcare costs, you must earn even more.
IT HAPPENED! GM CEO Mary Barra Just Denounced Nancy Pelosi's Weird EV Tax Laws, Warning Tesla!
=======
We use images and content in accordance with the YouTube Fair Use copyright guidelines: https://www.youtube.com/intl/en/about...
Any questions about copyright please send us via gmail:
oivia.ahlbin@gmail.com
To be resolved, thank you.